Building Details

Building Size 1,976 SF

Year Built 1976

Listing Agency: F.L.I. Properties Show Phone

Listed By: Kendall Butler · License #278198 Show Phone

Source: Blackstreaminternational

Added: Oct 21 Changed: Oct 23 Last Checked: Oct 23 at 4:03PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.L.I. Properties

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Investment Insights

Based on property information with market context.

Built in 1976, this mixed-use commercial property pairs office space with a separate warehouse. The office layout includes a reception area, three waiting rooms, three conference rooms, a kitchen and three restrooms, along with eight private offices. The property is also described as having nine rentable offices.

Key Highlights

• Separate warehouse space alongside office areas
• Eight private offices and nine rentable offices
• Three conference rooms and three waiting rooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,107

Cap Rate

3.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$462,140 $462.1K

Cap Rate 7%

$330,100 $330.1K

Cap Rate 9%

$256,744 $256.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,976 SF

Gross rent

$33.7K $17.04/SF

− Vacancy

−$2.9K −$1.45/SF

EGI

$30.8K $15.59/SF

− OpEx

−$7.7K −$3.90/SF

NOI

$23.1K $11.69/SF

Area

Troup County, GA

Vacancy

8.50%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$462,140

Cap Rate 7%

$330,100

Cap Rate 9%

$256,744

Alternative Uses

Best Use

Office B

$330.1K

$288.8K – $385.1K (±1% cap)

NOI $23,107 @ 7.0% cap · market cap 3.08%

Second Best

Mixed Use

$292.2K

$255.7K – $340.9K (±1% cap)

NOI $20,452 @ 7.0% cap · market cap 2.73%

Theoretical Best

Office A

$442.1K

$386.9K – $515.8K (±1% cap)

NOI $30,949 @ 7.0% cap · market cap 4.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Studio 314 Coworking & Hybrid Office Beacon Wellness Center, ... Counselor Venture Roofing & Exteriors ... Roofing Company Benchmark Contracting Construction Company LaGrange Bankruptcy- Office ... Law Firm

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Cafe & Coffee Shop Veterinary Clinic Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9

Office units

Location Intelligence

Trade Area within ½ mile

1,214

Businesses Nearby

Explore this area Business Placement

Demographics for 30241, GA

25,509

Population

10,433

Households

2.4

Avg Household Size

37

Median Age

18%

College-Educated

88%

High-School Grad

112.4 sq mi

ZIP Area

227

Density / Sq Mi

$47,988

Median Household Income

$34,411

Median Earnings

$1,077

Median Rent

$167,600

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The layout combines professional office areas with a separate warehouse for storage or operations.

Where is this mixed-use property located?

The property is located at 314 Greenville Street Lagrange, GA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Separate warehouse space alongside office areas; Eight private offices and nine rentable offices; Three conference rooms and three waiting rooms